Kochhar said while India is a land of opportunity, for every good and fundamental strength that India has, there is an accompanying challenge. For instance the country has the potential of demographic dividend, while the corresponding dichotomy is that the challenge of making all of them employable and creating enough employment opportunities for them.

She said there is a substantial potential to invest in infrastructure and the manufacturing sector in the country, but today the new investments are not taking place since there is a need for more clarity on approval and policies. Time-bound approvals are needed and still a clarity comes in, the investment cycle would not return.

Morton Schapiro, President, Northwestern University, Illinois, USA will be the chief guest of the function. Inauguration of new world-class campus of IFMR at Sri city gave way to the 13th convocation of last year IFMR students. N. Vaghul, Chairman of the IFMR’s Board of Governors, in his welcome address, traced the history and evolution of the institute.. Sri City Managing Director Ravi Sannareddy called the establishment of the institute in a backward region as a significant step in meeting the educational and training needs of the industry and the region.

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